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Gold futures finish lower on profit booking

22 May 2024 Evaluate

Gold futures finished lower on Tuesday, driven by profit booking after hitting an all-time high in previous sessions. Additionally, surging US dollar also saddled bullion investment. Meanwhile, investors awaited minutes of the Federal Reserve's latest policy meeting for more insights on the Fed's monetary policy outlook. 

Gold futures for June delivery dipped by $12.6 or 0.5% to settle at $2425.90 per ounce on the Comex division of the New York Mercantile. Spot gold down by $7.52 points or 0.31% to $2413.53 an ounce.